Bloomberg reports that Dave’s Hot Chicken is exploring the possibility of selling its European franchise operations.
The rights for the UK and Europe are currently held by Azzurri Group, a British hospitality company owned by private equity, known for its restaurant brands Zizzi and Coco di Mama. Sources indicate that Azzurri is preparing for a potential sale later this year, although discussions remain confidential.
Azzurri secured the master franchise rights for the UK and Ireland in 2024, with plans to open up to 60 locations. The company expanded its reach by obtaining exclusive rights across ten European territories the following year, according to its annual report.
Azzurri is controlled by private equity business TowerBrook, which signed a deal in 2020 to take over the restaurant investor via a pre-pack administration after the business was hit by Covid-related disruption. A TowerBrook spokesperson declined to comment on the possible transaction
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